$3M to break into U.S. markets for flatev's tortillas machine
17.04.2015
Did you know that in the United States, tortillas are consumed more than any type of bread? The tortilla market is estimated at $12 billion today with a 10% annual growth. The Venture Kick winner and venture leaders flatev raised an additional $3M to break into U.S. markets by 2016 with their capsule machine to make fresh tortillas.
 The flatev team
|
 |
 The flatev machine
|
|
Get some fresh flat bread in 35 seconds, as easily as one gets an espresso from a capsule: that’s the idea of Mexican born Carlos Ruiz, who developed a fully automatic tortilla machine with his team and CTO Jonas Müller. Other types of flat bread, like Nan or pita, should be created in different flavours with a single finger pressure. The machine scores many points on the “fresh” theme: one can rarely find homemade tortillas at the restaurant, and may lack the time or skills to make them at home. Aside from the traditional flavour and the chic design of the apparatus, a social component can be seen in the background: like in a raclette or a fondue, people sit together to prepare the meal.
Now the venture leaders from 2013 and Venture Kick winner from 2012 raised $3M to break into U.S. markets by 2016. 2014 they already made it under the Top 20 of the TOP 100 Startup Award in Switzerland. Beside the office in Zurich the flatev team moved in March 2015 to a office in the Lower East Side of New York City: The Projective Space, where they are working side-by-side with some of the best tech and food start-ups in the US.
Now the venture leaders from 2013 and Venture Kick winner from 2012 raised $3M to break into U.S. markets by 2016. 2014 they already made it under the Top 20 of the TOP 100 Startup Award in Switzerland. Beside the office in Zurich the flatev team moved in March 2015 to a office in the Lower East Side of New York City: The Projective Space, where they are working side-by-side with some of the best tech and food start-ups in the US.